Mauritius new fiscal year but no tax increases in budget by kpmg tax services ltd. Budget speech 2015 2016 developing the ict sector mauritius forum. Budget address by finance mec belinda scott on 10 march 2015. Mauritius budget 2018 2019 14 june 2018 charting towards a highincome, inclusive society the finance minister, honourable pravind kumar jugnauth delivered his third budget speech, fourth of the present government, with the overall objective of further transforming mauritius into a highincome inclusive economy. Boosting the mauritian economy will be one of the minister of finances main priorities. The prime minister and minister of finance and economic development, pravind jugnauth this evening presented the 201920 budget speech entitled embracing a brighter future together as a nation. Budgit is a civic organization that applies technology to intersect.
Click here to download the complete set of the 2015 16 budget for offline reading. The prime minister and minister of finance and economic development, pravind jugnauth this evening presented the 201920 budget speech entitled embracing a brighter future together. The average annual inflation rate for the period 2015 to 2018 is a mere 2. Issuance of government of mauritius treasury bills. To access a portable document format pdf file you must have a pdf reader installed. I could easily have resorted to political bacchanal, picong and rhetoric, and the statement could have taken the form of a fiery campaign speech on a political platform.
The 2016 budget statement and economic policy of the government of. October 2015 austrian airlines will operate one weekly flight to mauritius. Forecast shows a rebound in economic activities with growth rate rising to 5. This will be a budget that will better and more clearly reflect the proposals that make up the road map of this new government. Mauritius budget 2015 highlights deloitte mauritius. The economic backdrop macroeconomic overview labour force and unemployment public finance performance of the traditional pillars. Budget highlights 201819 3 budget snapshot this governments fourth budget entitled pursuing our transformative journey was delivered with a deep sense of enthusiasm and optimism. The first national budget of the newly elected government was presented by the minister of finance and economic development, mr vishnu lutchmeenaraidoo on 23 march 2015.
Republic of mauritius supplement to the budget speech 2015 2016. The mauritius national budget speech for 201617 was delivered by hon. It is, however, expected to gain momentum and grow moderately over the 2015 16 mtef and reach 3. Budget speech 2015 16 abul maal abdul muhith minister ministry of finance government of the peoples republic of bangladesh 21 jaisthya 1422 4 june 2015. Madam speaker, this government is clearly delivering on its commitment. If you do not already have such a reader, there are numerous pdf readers available for free download or for purchase on the internet. This supplement provides the economic and social backdrop to the measures and policies of budget 2015 2016.
We are pleased to invite you to view our budget brief, based on the budget speech 2015 delivered by the honourable seetanah lutchmeenaraidoo, minister of finance and economic development. Going forward, we will further build on this robust momentum. In fact, there are sections of the society who would wish me to do so, so angry. Bangladesh marches towards prosperity paving the way for. Mauritius releases 2014 budget executive summary on 8 november 20, mauritius minister of finance and economic development released the countrys 2014 budget. Parliament of the kingdom of lesotho bringing back hope restoring good governance through efficiency, accountability, transparency, effectiveness and equity budget speech to parliament for the 2015 2016 fiscal year by honourable dr. Mauritius will be required to seek a global business licence or an authorisation from the financial services commission fsc.
Republic of botswana 2015 budget speech by honourable o. A reduction in the main budget expenditure ceiling of about r25 billion over the next two years, compared with the 2014 budget baseline. You will note that these budget proposals may be subject to amendments during parliamentary debates. In 2019, we are expecting total investment as a ratio of gdp to rise to 20. John maynard keynes said that men love security and money more, and creation and construction less, as. Budget speech 2015 16 bismillahirrehmanirrahim parti mr.
Macroeconomic framework for the relevant financial year. About overview philosophy and approach history governance membership and partners secretariat careers tenders. Matambo minister of finance and development planning delivered to the national assembly on 2nd february 2015 website. Proposals in the budget speech ranging from a renewable energy roadmap to various incentives promoting the extensive use of solar energy have been announced. Following several pre budget consultations, here is a summary of what the population and the key economic actors should expect. Mauritius budget 2015 highlights the budget intends to achieve an ambitious target gdp growth rate of 5. Mauritius, whilst that of democratic republic of congo and liberia covered. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. Hockey mp treasurer of the commonwealth of australia introduction madam speaker, i move that the bill for the 2015 budget now be read a second time. Best viewed using ie 11, firefox 27, chrome 22, and safari 7 and above, screen resolution 1024 x 768. Unlike his first budget, this budget does not have significant fiscal reforms. The budget process plays a role in clarifying these options, probing their costs and assessing implementation modalities. Ministry of finance and economic developmentnational budget 20 budget speech 20.
A budget high on the social acceptability scale with an out of the box national debt reduction strategy. Mauritius national budget 201516 4 the government is embarking on a new journey for reviving the economy and this years budget unveils a series of measures, carving out the right strategies to shape a longrange vision for a more sustainable future. Mauritius national budget 2015 16 4 the government is embarking on a new journey for reviving the economy and this years budget unveils a series of measures, carving out the right strategies to shape a longrange vision for a more sustainable future. Annex 1 explanatory notes on provisions to be included in finance bill and the economic and financial measures bill and regulations,and on other budget. On average, the mauritian rupee mur appreciated against all the major currencies during the period 2009. Mauritius gdp statistics mauritius world gdp world bank.
And statistics mauritius is per cent forecasting an inflation rate of 1. Mauritius at the crossroad extracts of budget speech 2015. Unemployment unemployment rate in mauritius has fallen to 7. This is the third budget of the minister of finance and economic development under the present government. Budget analysis leading the mauritian economy in a.
Mamphono khaketla minister of finance maseru, lesotho 22nd may 2015. The budget 2015 2016 will be delivered this afternoon by the minister of finance, vishnu luchmeenaraidoo. In 2019, we are expecting total investment as a ratio of gdp to. The budget intends to achieve an ambitious target gdp growth rate of 5. Find answers to your questions in the mauritius forum.
Republic of mauritius to invest over usd200m in the ict park at the tema. Memorandum explaining the provisions in the finance bill, 2015. Communiques financial services commission mauritius. The government is predicting a period of sustained budget deficits with the deficit for 2015 amounting to rs 12. And statistics mauritius is forecasting an inflation rate of 1. Last year, in my budget speech, i spoke about my vision of a new era of development a vision of a society without any families living in absolute poverty, where there will be.
As expected, this years budget is a continuation of the vision to transform mauritius into a high income economy. Our aim is for mauritius to be a high income country by 2023, with an income per capita of around usd,600 against the current level of usd 9,740. Mauritius is now a low and stable inflation country. These should enable the country to devote much needed resources to our environment which has been neglected for too long. The 2017 household budget survey of statistics mauritius shows a significant reduction in relative poverty whilst income inequality has also decreased. The new government has unveiled its first budget in line with its electoral promises, set out a vision to increase prosperity, and established a base for greater. Once again, as i have the honor of presenting the budget 2015 16, i bow my head before allah swt for. The 2015 budget statement and economic policy of the government of. Gms flash alert 2015053 mauritius new fiscal year but. Another reason is that, in this same week that this budget is being presented, the european commission is expecting from us the framework of another budget for the year 2014.